Question
A bond that matures in 2 years has a coupon of 10% with semi-annual payments and a par value of $1,000. The annualized YTM is
A bond that matures in 2 years has a coupon of 10% with semi-annual payments and a par value of $1,000. The annualized YTM is 20% (10% per half-year). What is its price and duration?
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Business Mathematics
Authors: Charles MillerStanley SalzmanStanley SalzmanGary Clendenen
11th Edition
0321500121, 9780321500120
